Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for sale Ending inventory, finished goods Cost of goods sold Sales Gross margin Selling and administrative expenses Income before taxes Income tax expense Net income wwwwwwwwww Case A 183,000 215,000 155,000 515,000 1,055,000 73,000 1,056,000 115,000 1,105,000 513,000 315,000 83,000 $ Case B 66,000 $ 258,000 291,000 315,000 1,050,000 63,000 108,000 123,000 1,002,000 513,000 231,000 144,000 Case C 9,000 18,000 64,000 83,000 185,000 2,800 190,000 203,000 14,000 270,000 48,000 29,000

Beginning inventory, raw material Ending inventory, raw material Purchases of raw material Direct material Direct labor Manufacturing overhead Total manufacturing costs Beginning inventory, work in process Ending inventory, work in process Cost of goods manufactured Beginning inventory, finished goods Cost of goods available for sale Ending inventory, finished goods Cost of goods sold Sales Gross margin Selling and administrative expenses Income before taxes Income tax expense Net income wwwwwwwwww Case A 183,000 215,000 155,000 515,000 1,055,000 73,000 1,056,000 115,000 1,105,000 513,000 315,000 83,000 $ Case B 66,000 $ 258,000 291,000 315,000 1,050,000 63,000 108,000 123,000 1,002,000 513,000 231,000 144,000 Case C 9,000 18,000 64,000 83,000 185,000 2,800 190,000 203,000 14,000 270,000 48,000 29,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5MC: Which of the following represents the components of the income statement for a manufacturing...

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